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global economy is exposed to two Chart 2 key factors – continued normalisation of monetary Changes in key global financial market indicators policies pursued by the

the unchanged key rate. We will continue to closely analyse liquidity developments and take them into account as we make decisions on the key rate.

the unchanged key rate. We will continue to closely analyse liquidity developments and take them into account as we make decisions on the key rate.

auctions from 1 to 6 days3, 1 week 11.50 (key rate) 11.00 (key rate) Liquidity absorption Open market operations (maximum interest rates) Deposit

04.2016) (05.2016) 3. Interest rates 3.1. Bank of Russia Key rate the next working day after being fixed by the Board of

used approaches of the International Association of Insurance Supervisors which consider the key risks arising from insurers' activities. Based on financial estimates the regulator will

information on amended required reserve ratios. The Bulletin publishes a review of key indicators of the domestic cash foreign exchange market in January 2016. The

the appointment of a liquidator becomes valid. Dmitry Kudryashov, head of the key information sector of the Security and Information Protection Office of the Bank

to be submitted to the Bank of Russia includes the pawnshop's key data (the financial institution's name, OGRN, EGRUL, address, telephone and website

including development of the remote identification system of financial services consumers. Another key topic of the discussions were steps to be taken by the Bank